energy

When it comes to the total power of storage batteries installed, Australia topped all countries last year. A report says that the nation saw a boost as more rooftop solar systems required residential batteries to be installed. While things look great for Australia now, they could grow even more based on estimates for the global lithium-ion battery storage market. Australia's battery market seeing increasing demand Right now, there is a huge opportunity for those who are mining lithium in Australia. In 2000, they were accounting for just 13 percent of the world market but this year that number could reach 62 percent. In addition, Greentech Media released a report that says over the next five years the world will have six times as many batteries installed annually. Australia is already seeing that surge. In 2016 there were 6,750 new home battery installations in the nation. However, that number tripled in 2017 to 20,000 total installations, per a Climate Council report. The re…